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A company is considering a project that will require a cost outlay of $ 1 7 2 0 0 per year for 3 years. At

A company is considering a project that will require a cost outlay of $17200 per year for 3 years. At the end of the project the salvage value will be $15000. The project will yield returns of $60000 in Year 4 and $20000 in Year 5. There are no returns after Year 5. Alternative investments are available that will yield a return of 14.2%. Should the company undertake the project?
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